Sharjah Islamic Bank Approves 20% Dividend After Profit Jumps in 2025
Sharjah Islamic Bank has approved a 20 percent cash dividend for its shareholders after reporting strong financial results for the year 2025. The decision was made during the bank’s annual general meeting as the bank also celebrated its 50th anniversary.
The bank announced that it earned a net profit of Dh1.32 billion in 2025. This is a 26 percent increase compared with Dh1.05 billion in 2024. The strong growth shows that the bank had a successful year with better income from financing and services.
Shareholders approved a cash dividend worth Dh647.1 million. This equals Dh0.20 per share. Last year, the dividend was 15 percent, so this year’s payout is higher.
The bank also approved a plan to increase its capital by up to Dh1.078 billion. This will raise the bank’s capital from Dh3.235 billion to about Dh4.314 billion. The increase will happen through the sale of more than one billion new shares at a price of Dh2.40 each.
Abdul Rahman Al Owais, chairman of Sharjah Islamic Bank, said the bank’s 50th anniversary is an important moment in its history. He said the bank will now focus on digital innovation, improving services, and expanding into new areas to support future growth.
Sharjah Islamic Bank was first established in 1975. In 2002, it became a full Islamic bank. Over the years, it has grown by adapting to new banking technology and customer needs.
Income from Islamic financing and sukuk reached Dh3.9 billion in 2025. This is a 4.7 percent increase from the previous year. Income from fees and commissions rose sharply by 50 percent to Dh598.8 million. Overall operating income increased 14 percent to Dh2.5 billion.
Operating expenses also increased by 15.2 percent to Dh897.5 million. The bank said the higher costs were mainly due to investment in technology and hiring skilled employees.
Even with higher expenses, the bank’s operating income before provisions rose to Dh1.6 billion.
The bank’s financial health also improved. The ratio of non-performing financing dropped to 3.8 percent from 4.9 percent last year. At the same time, coverage improved to 109 percent.
Total assets of the bank grew 14 percent to Dh90.3 billion. Customer financing increased nearly 20 percent to Dh45.6 billion, while customer deposits reached Dh55.7 billion.
The chairman said the capital increase will help the bank move into a new stage of growth while continuing to create value for shareholders in the long term.
